Gnosis Chain Plans Hard Fork to Return Frozen Funds from Balancer Hack

According to ChainCatcher, Gnosis Chain has announced a hard fork scheduled for December 22 to return $9.4 million frozen during the Balancer hack incident. Last month, Balancer suffered a loss of $128 million due to an attack, prompting Gnosis to implement a soft fork to freeze some of the funds. The upcoming hard fork is necessary to unlock and return the funds to users. The decision has sparked intense debate within the community. Supporters argue that it demonstrates accountability, while opponents question whether it violates the principle of 'code is law,' potentially undermining the immutability of the blockchain. Infrastructure Director Schommers emphasized that validator approval is required and that the chain's history will remain unaffected. DeFi industry expert Ignas noted that the soft fork has already impacted immutability. The GNO token has fallen by 3% to $115, highlighting the dilemma DeFi faces between security and decentralization principles.